10:25 | 27/07/2017 Economy- Society
(VEN) - The United Nations Development Program (UNDP) in Vietnam and HATCH! VENTURES announced the SDG Challenge on July 12 to encourage innovative business ideas that promote sustainable development goals (SDGs) and social change.
The SDGs were introduced and adopted by the United Nations in 2015, setting 17 general goals for all economies in the world to build a better society. Vietnam’s SDGs are based on economic, social and environmental pillars. Vietnam has adopted programs and action plans to implement SDGs until 2030.
Vietnam’ SDGs are to benefit the people, promote economic growth without widening the gap between the rich and poor, maintain social stability, conserve natural resources and protect the environment, ensure conditions for long-term development and take into account the interests of future generations.
In order to implement the SDGs, the government has been trying to mobilize resources, including those of international partners. Other means include creating favorable conditions for enterprises, promoting the application of scientific and technological achievements, and encouraging the private sector to accelerate innovations to achieve the SDGs.
UNDP Vietnam Deputy Country Director Akiko Fujii said the agency has developed a number of activities to support development and encourage innovations in Vietnam, with more emphasis on vulnerable groups such as women and young people. UNDP is participating in the SDG Challenge 2017 together with HATCH! VENTURES - a social enterprise and startup incubator - in order to access the rapidly evolving startup community in Vietnam, he said.
HATCH! VENTURES CEO Pham Quoc Dat said, “Our main mission is to support and promote the startup ecosystem in Vietnam.”
UNDP and HATCH! VENTURES also successfully co-hosted the Hackathon for Social Good in 2015, which gathered over 100 programmers, developers and social activists to create useful technology products with commercial values for society, as well as the Social Innovation Camp in 2016.
The SDG Challenge 2017 is being held in Hanoi, Da Nang and Ho Chi Minh City. The final round is set to run in Ho Chi Minh City on October 28, with the winner obtaining a chance to undergo HATCH! VENTURES’s four-month Acceleration Program, which prepares startups to be investment ready.